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Friday, January 28, 2011

Willowglen Secures RM14.2 Million Contracts

KUALA LUMPUR, Jan 28 (Bernama) -- Willowglen MSC Bhd's subsidiary, Willowglen Services Pte Ltd, has been awarded contracts worth RM14.2 million, which is expected to contribute positively to its earnings for the financial years ending 2011-2017.

In a filing to Bursa Malaysia, Willowglen said the contract of RM9.5 million for the renewal and replacement of centralised monitoring system part-I (construction work) is expected to be completed by December 2012.

The project is expected to contribute to earnings for the financial years 2011 and 2012.

Meanwhile, the part-II contract for maintenance services for the period from 2012 and 2017 valued at RM4.7 million is expected to contribute to the group's earnings for the financial years ending 2013 to 2017.

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